GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Okasan Securities Group Inc (FRA:OKN) » Definitions » Cyclically Adjusted Revenue per Share

Okasan Securities Group (FRA:OKN) Cyclically Adjusted Revenue per Share : €2.64 (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Okasan Securities Group Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Okasan Securities Group's adjusted revenue per share for the three months ended in Dec. 2023 was €0.594. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €2.64 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Okasan Securities Group's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Okasan Securities Group was 1.50% per year. The lowest was 0.80% per year. And the median was 1.50% per year.

As of today (2024-05-21), Okasan Securities Group's current stock price is €4.52. Okasan Securities Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €2.64. Okasan Securities Group's Cyclically Adjusted PS Ratio of today is 1.71.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Okasan Securities Group was 2.05. The lowest was 0.69. And the median was 1.02.


Okasan Securities Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Okasan Securities Group's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Okasan Securities Group Cyclically Adjusted Revenue per Share Chart

Okasan Securities Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.34 3.07 3.12 2.90 -

Okasan Securities Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.90 2.62 2.63 2.64 -

Competitive Comparison of Okasan Securities Group's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Okasan Securities Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Okasan Securities Group's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Okasan Securities Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Okasan Securities Group's Cyclically Adjusted PS Ratio falls into.



Okasan Securities Group Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Okasan Securities Group's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.594/106.8000*106.8000
=0.594

Current CPI (Dec. 2023) = 106.8000.

Okasan Securities Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.737 95.700 0.822
201406 0.781 98.000 0.851
201409 0.885 98.500 0.960
201412 0.858 97.900 0.936
201503 0.889 97.900 0.970
201506 0.884 98.400 0.959
201509 0.753 98.500 0.816
201512 0.748 98.100 0.814
201603 0.810 97.900 0.884
201606 0.822 98.100 0.895
201609 0.851 98.000 0.927
201612 0.879 98.400 0.954
201703 0.873 98.100 0.950
201706 0.782 98.500 0.848
201709 0.877 98.800 0.948
201712 0.835 99.400 0.897
201803 0.774 99.200 0.833
201806 0.705 99.200 0.759
201809 0.701 99.900 0.749
201812 0.609 99.700 0.652
201903 0.644 99.700 0.690
201906 0.647 99.800 0.692
201909 0.653 100.100 0.697
201912 0.779 100.500 0.828
202003 0.709 100.300 0.755
202006 0.628 99.900 0.671
202009 0.673 99.900 0.719
202012 0.657 99.300 0.707
202103 0.735 99.900 0.786
202106 0.652 99.500 0.700
202109 0.786 100.100 0.839
202112 0.764 100.100 0.815
202203 1.029 101.100 1.087
202206 0.552 101.800 0.579
202209 0.632 103.100 0.655
202212 0.529 104.100 0.543
202303 0.557 104.400 0.570
202306 0.707 105.200 0.718
202309 0.614 106.200 0.617
202312 0.594 106.800 0.594

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Okasan Securities Group  (FRA:OKN) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Okasan Securities Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4.52/2.64
=1.71

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Okasan Securities Group was 2.05. The lowest was 0.69. And the median was 1.02.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Okasan Securities Group Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Okasan Securities Group's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Okasan Securities Group (FRA:OKN) Business Description

Traded in Other Exchanges
Address
1-17-6, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8268
Okasan Securities Group is a Japan-based holding company that conducts businesses through a network of domestic and overseas subsidiaries. The company has three business segments. The securities business, which accounts for the majority of sales, is involved in trading, brokerage, underwriting, and distribution of securities, public offering, secondary distribution of securities, and private offering of securities. The asset-management business is involved in investment management and investment advisory. The support business is engaged in information processing services, administrative support services, custodianship, and temping services. The company generates the majority of revenue from Japan.

Okasan Securities Group (FRA:OKN) Headlines

No Headlines